Can I retire at age 69 with 795,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$65,650$65,066$64,495$63,938$63,394$63,127
2 years$32,500$31,895$31,308$30,740$30,188$29,918
3 years$21,452$20,844$20,259$19,695$19,152$18,889
4 years$15,928$15,322$14,743$14,189$13,660$13,404
5 years$12,615$12,013$11,441$10,899$10,384$10,136
6 years$10,407$9,809$9,246$8,716$8,216$7,978
7 years$8,831$8,238$7,684$7,166$6,682$6,453
8 years$7,649$7,061$6,516$6,011$5,543$5,323
9 years$6,730$6,148$5,613$5,120$4,668$4,457
10 years$5,996$5,419$4,893$4,414$3,978$3,775
11 years$5,395$4,825$4,308$3,841$3,421$3,227
12 years$4,895$4,330$3,823$3,369$2,965$2,779
13 years$4,472$3,913$3,416$2,975$2,585$2,408
14 years$4,110$3,557$3,069$2,640$2,266$2,098
15 years$3,796$3,249$2,771$2,355$1,995$1,835
16 years$3,522$2,981$2,512$2,108$1,763$1,611
17 years$3,281$2,746$2,286$1,894$1,564$1,419
18 years$3,066$2,537$2,087$1,707$1,390$1,253
19 years$2,874$2,351$1,910$1,543$1,239$1,109
20 years$2,702$2,185$1,753$1,397$1,107$983
21 years$2,546$2,035$1,613$1,268$990$874
22 years$2,405$1,900$1,486$1,153$888$777
23 years$2,276$1,777$1,372$1,050$797$693
24 years$2,158$1,665$1,269$958$716$618
25 years$2,050$1,562$1,176$875$645$552
26 years$1,950$1,468$1,090$800$581$493
27 years$1,857$1,382$1,012$732$523$441
28 years$1,772$1,302$941$671$472$395
29 years$1,692$1,228$876$615$427$354
30 years$1,618$1,160$816$564$385$317
31 years$1,549$1,097$761$518$348$284
32 years$1,484$1,038$710$476$315$255
33 years$1,424$983$663$438$285$229
34 years$1,367$931$619$403$258$206
35 years$1,313$883$579$371$234$185
36 years$1,263$838$541$342$212$166
37 years$1,215$796$507$315$192$149
38 years$1,170$757$475$290$174$134
39 years$1,127$720$445$268$158$121
40 years$1,087$685$417$247$143$108
41 years$1,049$652$391$228$130$98
42 years$1,012$621$367$210$118$88
43 years$978$591$344$194$107$79
44 years$945$564$323$179$97$71
45 years$913$538$303$165$88$64
46 years$883$513$285$153$80$58
47 years$855$489$268$141$73$52
48 years$827$467$251$130$66$47
49 years$801$446$236$121$60$42
50 years$776$426$222$111$54$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $795,000, adding $5,629 every year, while hoping to spend $44,455 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 73/20/7 Blend
68$795,000$795,000$795,000$795,000
69$881,896$839,761$827,439$944,990
70$924,550$833,610$807,858$981,196
71$970,064$825,667$786,132$1,014,701
72$1,018,684$815,798$762,141$1,050,141
73$1,070,678$803,860$735,760$1,087,692
74$1,126,340$789,702$706,861$1,127,551
75$1,185,993$773,164$675,307$1,169,932
76$1,249,991$754,075$640,956$1,215,077
77$1,318,721$732,257$603,660$1,263,248
78$1,392,611$707,518$563,263$1,314,737
79$1,472,129$679,657$519,603$1,369,867
80$1,557,787$648,461$472,511$1,428,994
81$1,650,151$613,705$421,810$1,492,513
82$1,749,840$575,151$367,314$1,560,860
83$1,857,536$532,545$308,831$1,634,514
84$1,973,987$485,622$246,160$1,714,009
85$2,100,016$434,100$179,088$1,799,932
86$2,236,527$377,681$107,397$1,892,932
87$2,384,515$316,049$30,858$1,993,727
88$2,545,074$248,874$0$2,103,110
89$2,719,406$175,803$0$2,225,752
90$2,908,833$96,466$0$2,361,533
91$3,114,812$10,470$0$2,509,232
92$3,338,943$0$0$2,670,052
93$3,582,988$0$0$2,863,496
94$3,848,885$0$0$3,076,804
95$4,138,766$0$0$3,309,389
96$4,454,981$0$0$3,563,138
97$4,800,112$0$0$3,840,130
98$5,177,004$0$0$4,142,652
99$5,588,789$0$0$4,473,222
100$6,038,913$0$0$4,834,612